Karnataka High Court refuses to quash money laundering proceedings against real estate firm Ozone Urbana Infra Developers
The Karnataka High Court declined to dismiss a money‑laundering probe against Ozone Urbana Infra Developers. Prosecutors allege the firm misled homebuyers, taking large advances and diverting funds to activities unrelated to building the promised apartments. The court’s ruling leaves the investigation underway. The Enforcement Directorate had earlier filed the case, and the judges said the evidence presented was sufficient to proceed.